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CALGARY, Sept. 9, 2015 /CNW/ - MILIT-AIR Inc. (the Corporation) announced today that quorum was not present at the class meeting (the Meeting) of holders of 5.75% Series 1 Amortizing Secured Bonds due June 30, 2019 (the Series 1 Bonds) and 5.87% Series 2-1 Amortizing Secured Bonds due April 22, 2020 (the Series 2-1 Bonds and collectively with the Series 1 Bonds, the Bonds) of the Corporation convened on September 8, 2015 at 9:00 a.m. (Eastern time).

In accordance with the terms of the indenture governing its outstanding Bonds (the Indenture), the Meeting was adjourned to September 15, 2015 at 9:00 a.m. (Eastern time) at the offices of Norton Rose Fulbright Canada LLP, 1 Place Ville Marie, Suite 2500, Montreal, Quebec. The original record date of August 4, 2015 (the Record Date) will remain in force as the Record Date for the adjourned Meeting to be held on September 15, 2015.

Under the terms of the Indenture, at the adjourned Meeting on September 15, 2015, whatever number of registered holders of Bonds present in person or represented by proxy shall constitute a quorum and may transact the business for which the Meeting was originally convened notwithstanding that they may not represent 50% of the total amount of indebtedness, liabilities and obligations of the Corporation evidenced by the Bonds outstanding as at the Record Date.

The deadline for a registered holder of Bonds to deposit proxies with Computershare Trust Company of Canada has been extended to 5:00 p.m. (Eastern Time) on September 11, 2015. Beneficial holders of Bonds that have not yet provided voting instructions to their brokers or other intermediaries through which they hold their Bonds should contact their brokers or other intermediaries for further details regarding the procedures for attending and voting at the adjourned Meeting. Unless properly revoked, validly deposited proxies and voting instructions previously given for the Meeting will remain valid for the adjourned Meeting.

Bondholders should contact their broker, dealer, investment advisor or other intermediary should they require additional information regarding the adjourned Meeting. Bondholders may also contact the Corporation's solicitation agent, Laurel Hill Advisory Group, toll-free at 1-877-452-7184 (in North America), 416-304-0211 (collect calls outside North America) or by email at assistance@laurelhill.com for further information.

About MILIT-AIR Inc.

Incorporated in 1998, MILIT-AIR Inc. is a Not-for-profit Canadian federal corporation whose purpose is to engage in activities in support of the training of Canadian and foreign military pilots in Canada, as contemplated by the NATO Flying Training in Canada program, which provides fighter pilot training to the militaries of Canada and other countries.

Cautionary Note on Forward-looking Statements

This press release contains "forward-looking information" within the meaning of Canadian securities laws which may include, but is not limited to, statements relating to the date of the adjourned Meeting. Such forward-looking information reflects the Corporation's views with respect to future events and is subject to risks, uncertainties and assumptions. The Corporation does not undertake to update forward-looking statements or forward-looking information, except as required by law.

SOURCE MILIT-AIR Inc.

For further information: Laurel Hill Advisory Group, toll-free at 1-877-452-7184 (in North America), 416-304-0211 (collect calls outside North America) or by email at assistance@laurelhill.com